Strathcona Resources Ltd. (TSE:SCR) Stock Has Consensus Target Price of C$45.00 According to Brokerages

Strathcona Resources Ltd. (TSE:SCR) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$45.00.

Several research analysts have recently issued reports on SCR shares. ATB Cormark Capital Markets raised their price objective on Strathcona Resources from C$46.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 22nd. National Bank Financial reduced their price target on shares of Strathcona Resources from C$63.00 to C$62.00 and set an “outperform” rating for the company in a research report on Tuesday, October 20th.

Strathcona Resources Price Performance

Shares of TSE SCR opened at C$38.36 on Friday. The company has a debt-to-equity ratio of 43.82, a quick ratio of 11.09 and a current ratio of 0.43. The company has a market cap of C$8.22 billion, a PE ratio of 9.74, a P/E/G ratio of -2.02 and a beta of -0.10. The business has a 50-day simple moving average of C$41.93 and a two-hundred day simple moving average of C$39.24. Strathcona Resources has a fifty-two week low of C$25.79 and a fifty-two week high of C$51.70.

Strathcona Resources (TSE:SCR) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.76 earnings per share (EPS) for the quarter. The business had revenue of C$1.40 billion during the quarter. Strathcona Resources had a net margin of 19.41% and a return on equity of 17.02%. As a group, equities analysts expect that Strathcona Resources will post 2.85 EPS for the current fiscal year.

Strathcona Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Monday, September 21st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, September 11th. Strathcona Resources’s payout ratio is 30.46%.

About Strathcona Resources

Strathcona is one of North America’s fastest growing pure play heavy oil producers with operations focused on thermal oil and enhanced oil recovery. Strathcona is built on an innovative approach to growth achieved through the consolidation and development of long-life assets. The Company has three operations, including Cold Lake, Lloydminster Thermal and Lloydminster Conventional. Strathcona is a major producer in the Cold Lake region of Alberta. Our operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from best-in-class steam-assisted gravity drainage (SAGD) oil assets.